Cryptocurrency Analysis Report: Bitcoin Volatility

Cryptocurrency analysis company Santiment evaluated the recent high volatility in Bitcoin prices in its latest analysis.

According to company analysts, Bitcoin, which experienced a sudden decline, faced its most fearful week since August 5, 2024. However, this situation also brought with it a signal that cannot be ignored.

According to Santiment, the crypto community tends to get it wrong every time Bitcoin fluctuates, while price predictions on social media provide traders with valuable (albeit counterintuitive) tips.

Currently, the Bitcoin price is hovering around $80,000. The chart shared by Santiment measures mention rates on social media platforms for $70,000 to $75,000, lower than the current BTC price, and $90,000 to $95,000, higher than the BTC price.

The chart indicates that if social media traders think the BTC price will rise further, the cryptocurrency market experiences a decline. Conversely, when traders discuss a potential drop in Bitcoin prices, the market tends to increase.

Recent data shows that as the BTC price recovered from around $79,000, the rate of mentions regarding the $90,000 to $95,000 price levels on social media jumped.

Santiment has charted the correlation between social media posts about certain price levels and the actual Bitcoin price.

> Note: This is not investment advice.